Europe beware, to reward banks for less risky business models is way too risky and no way to build a future.
Risk-taking is the oxygen of all development. Where would Europe be if these regulations had been with us since banks' inception more than 600 years ago?
PS. And if regulators absolutely must distort, so as to feel they earn their salaries, may I suggest they use job-creation and environmental-sustainability ratings, instead of credit ratings that are anyhow cleared for by bankers.
PS. And frankly, is not 0% risk weight for the sovereign and 100% for We the People too statist, even for Europe?